Borsa Italiana, the commentary on today’s session (7 September 2021)

Borsa Italiana, the commentary on today’s session (7 September 2021)
Borsa Italiana, the commentary on today’s session (7 September 2021)

After an uncertain start, as expected, Piazza Affari takes the direction of the decline, in line with the other stock market indices of the Old Continent. Down the German ZEW

After an uncertain start, as expected, Piazza Affari takes the direction of the decline, in line with the other stock market indices of the Old Continent. Yesterday Wall Street was closed for holidays while in these hours Tokyo closed positively.

From the macroeconomic front, the fourth consecutive decline inGerman ZEW index. The indicator that measures the confidence of German institutional investors also disappointed expectations, falling more than the consensus expected to 26.5 points.

Every 12.20 the FTSEMib drops by 0.52% to 26,127 points while the AllShare falls by 0.51%. On the same line MidCap (-0.39%) and Star (-0.46%).

At Piazza Affari, eyes on bankers. According to reports by Il Sole24Ore in its edition today, there are still some knots to be solved between the Ministry of Economy and Finance and UniCredit (-0.44%) on the passing of the baton to Monte dei Paschi di Siena (-0.45%) (of which the Treasury holds 64% of the capital). The parties would be dealing above all on the issues of redundancies (which could be up to 6/7 thousand) and on that of capital.

Little moves too Intesa Sanpaolo (-0,62%), BancoBPM (-1,39%) e BPER Bank (-0,86%).

Good start for Moncler (+ 1.2%). The luxury stock benefited from Citigroup’s increase in target price which confirmed its “buy”. The target price was instead raised from 65 to 68 euros.

The focus is EXOR (-0.65%). Today the Agnelli family holding presents the accounts for the first 6 months of the year.

At the STAR in the spotlight Esprinet (-5.3%). The group presented its six-monthly report in the past few hours. The first half of the year closed with revenues up 22% compared to the previous year to 2.24 billion euros and a net profit of 22.1 million, almost tripled compared to 7.7 million in the same period of the year. 2020.

Source

Borsa Italiana commentary todays session September

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